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Trade liberalization and wage inequality : new insights from a dynamic trade model with heterogeneous firms and comparative advantage
Lechthaler, Wolfgang; Mileva, Mariya - 2015
We develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization. We find that trade liberalization increases wage inequality both in the...
Persistent link: https://www.econbiz.de/10011374067
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Trade liberalization and wage inequality : new insights from a dynamic trade model with heterogeneous firms and comparative advantage
Lechthaler, Wolfgang; Mileva, Mariya - 2015
We develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization. We find that trade liberalization increases wage inequality both in the...
Persistent link: https://www.econbiz.de/10011283210
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Extended Shareholder Liability for Systemically Important Financial Institutions
Romano, Alessandro - 2019
Regulators generally have tried to address the problems posed by the excessive risk-taking of Systemically Important Financial Institutions (SIFIs) by placing restrictions on the activities in which SIFIs engage. However, the complexity of these institutions makes such attempts necessarily...
Persistent link: https://www.econbiz.de/10012860501
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Shareholder Protection Around the World ('Leximetric II')
Siems, Mathias - 2014
This article analyzes how shareholder protection has developed in 20 countries from 1995 to 2005. In contrast to … its results are that in most countries shareholder protection has improved in the last years; that developed countries … perform better than developing countries in protecting shareholders; that shareholder protection in common law countries is …
Persistent link: https://www.econbiz.de/10012709419
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Shareholder Protection and Stock Market Development : An Empirical Test of the Legal Origins Hypothesis
Armour, John - 2010
shows that legal origin explains part of the pattern of change in the adoption of shareholder protection measures over the … increased shareholder protection and stock market development, using a number of measures such as stock market capitalisation …
Persistent link: https://www.econbiz.de/10012717034